NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION (EIN 56-6035544)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-20
- IRS object ID
- 201240809349300024
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-20T13:13:22-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAMS OVERMAN PIERCE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2501 ATRIUM DR SUITE 500 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27607 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566035544 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA STATE UNIVERSITY ALUMNI | BusinessNameLine1 |
| Business Name Line2 | ASSOCIATION INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 9195137149 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NCSU BOX 7207 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27695 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KATHRYN S HART | Name |
| Title | ASST TREASURER | Title |
| Phone | 9195137149 | Phone |
| Date Signed | 2012-03-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN SCHEPPERLEY CPA | Name |
| Phone | 9197823444 | Phone |
| Date Prepared | 2012-03-16 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KATHRYN S HART | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NCSU BOX 7207 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27695 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4566357 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ALUMNI.NCSU.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1952 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE ALUMNI AFFAIRS AND TO PROMOTE AWARENESS OF NC STATE UNIVERSITY IN THE COMMUNITY | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 23 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | 71873 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -144238 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2576159 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2368269 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 529562 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 273623 | InvestmentIncomePriorYear |
| Investment Income Current Year | 92409 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1359812 | OtherRevenuePriorYear |
| Other Revenue Current Year | 901508 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4209594 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3891748 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 352323 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 459790 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 887236 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 117163 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2919633 | OtherExpensePriorYear |
| Other Expenses Current Year | 3663447 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4159192 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4123237 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 50402 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -231489 | RevenuesLessExpensesCY |
| Total Assets BOY | 25976707 | TotalAssetsBOY |
| Total Assets EOY | 28070008 | TotalAssetsEOY |
| Total Liabilities BOY | 6329152 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 5712566 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19647555 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 22357442 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROMOTE ALUMNI AFFAIRS AND TO PROMOTE AWARENESS OF NC STATE UNIVERSITY IN THE COMMUNITY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3833995 | Expense |
| Grants | 395354 | Grants |
| Description | NCSU ALUMNI ASSOCIATION PUBLISHES AN ALUMNI MAGAZINE, SERVES AS AN ORGANIZER FOR ALUMNI FUNCTIONS, AWARDS SCHOLARSHIPS AND PROMOTES AWARENESS OF NCSU IN THE COMMUNITY. | Description |
| Total Program Service Expense | 3833995 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 23 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KATHRYN S HART | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9195137149 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NCSU BOX 7207 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27695 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JUDITH K GRAINGER | ||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| ROBERT ABARNHARDT | ||||||
| VICE-PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| PAUL C RIDGEWAY | ||||||
| SECRETARY-TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| DENNIS G HOWARD | ||||||
| PAST PRESIDENT | 1.00 | X | 0 | 0 | 0 | |
| RALPH E SUGGS | ||||||
| EXECUTIVE DIRECTOR | 1.00 | X | X | 0 | 109704 | 13768 |
| JOHNATHAN S TUCKER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RONALD BROWN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| EMORY W PITTS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| E NORRIS TOLSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GARY D UPCHURCH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GEORGE L WORSLEY JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LARRY D BARBOUR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| R KELLY BARNHILL SR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARCUS L BELVIN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| R MARK FLEMING | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM A HOBBS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TRACY W KIMBRELL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JIMMY D CLARK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RICHARD A CURTIS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BRENDA K FLORY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT L PURCELL | ||||||
| DIRECTOR | 1.00 | X | 0 | 353626 | 306368 | |
| LALLA H SIDBURY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANGELO A CARAVANO II | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| W KERR COLLINS JR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LARRY D NIXON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PERRY R SAFRAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID S WHITE EX-OFFICIO | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| NEVIN E KESSLER EX-OFFICIO | ||||||
| DIRECTOR | 1.00 | X | 0 | 293878 | 34221 | |
| DANIEL C GUNTER III EX-OFFICIO | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT W SLOCUM JR EX-OFFICIO | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KATHRYN S HART | ||||||
| ASST TREASURER | 1.00 | X | 0 | 208000 | 24863 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 965208 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 379220 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROGRESS PRINTING | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2677 WATERLICK RD | AddressLine1 |
| City | LYNCHBURG | City |
| State | VA | State |
| ZIP Code | 245024861 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | PRINTING & BINDING | DescriptionOfServices |
| Compensation | 172099 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Membership Dues | 615814 | MembershipDues |
| Related Organizations | 1440120 | RelatedOrganizations |
| All Other Contributions | 312335 | AllOtherContributions |
| Noncash Contributions | 42627 | NoncashContributions |
| Total Contributions | 2368269 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| SPECIAL INTEREST GROUP | 900099 | 107419 | 107419 | |
| OTHER PROGRAMS | 900099 | 102885 | 102885 | |
| STUDENT PROGRAMS | 611710 | 94171 | 94171 | |
| ALUMNI MAGAZINE & ADVE | 541800 | 71873 | 71873 | |
| ALUMNI TRAVEL PROGRAM | 561500 | 49632 | 49632 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 103582 | TotalRevenueColumn |
| Related Or Exempt Function Income | 68443 | RelatedOrExemptFunctionIncome |
| Exclusion | $35,139 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 529562 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44266 | TotalRevenueColumn |
| Exclusion | $44,266 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 794774 | TotalRevenueColumn |
| Exclusion | $794,774 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 722752 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 674609 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 48143 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 48143 | TotalRevenueColumn |
| Exclusion | $48,143 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NC STATE CLUB | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 106734 | TotalRevenueColumn |
| Exclusion | $106,734 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 106734 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3891748 | TotalRevenueColumn |
| Related Or Exempt Function Income | 422550 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 71873 | UnrelatedBusinessRevenue |
| Exclusion | $1,029,056 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 459790 | Total |
| Program Services | 459790 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43700 | Total |
| Management And General | 43700 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 403112 | Total |
| Program Services | 402263 | ProgramServices |
| Fundraising | 849 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50501 | Total |
| Program Services | 50501 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9623 | Total |
| Program Services | 9623 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85361 | Total |
| Program Services | 77162 | ProgramServices |
| Fundraising | 8199 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88186 | Total |
| Program Services | 84275 | ProgramServices |
| Fundraising | 3911 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 357168 | Total |
| Program Services | 357168 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48786 | Total |
| Program Services | 25720 | ProgramServices |
| Fundraising | 23066 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SERVICE AGREEMENTS | 1843477 | 1802058 | 35785 | 5634 |
| PRINTING | 217688 | 217666 | 22 | |
| POSTAGE & SHIPPING | 102465 | 102103 | 362 | |
| OTHER CONTRACT SERVICES | 95943 | 95943 | ||
| INVESTMENT MANAGEMENT F | 92594 | 92594 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224843 | Total |
| Program Services | 149723 | ProgramServices |
| Fundraising | 75120 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4123237 | Total |
| Program Services | 3833995 | ProgramServices |
| Management And General | 172079 | ManagementAndGeneral |
| Fundraising | 117163 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121463 | BOY |
| EOY | 143719 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 393018 | BOY |
| EOY | 748604 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2512280 | BOY |
| EOY | 2113916 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32045 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2286467 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1519859 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1141277 | BOY |
| EOY | 766608 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21001236 | BOY |
| EOY | 23569210 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 775388 | BOY |
| EOY | 727951 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25976707 | BOY |
| EOY | 28070008 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32861 | BOY |
| EOY | 51501 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5506130 | BOY |
| EOY | 4956700 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 790161 | BOY |
| EOY | 704365 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6329152 | BOY |
| EOY | 5712566 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2401257 | BOY |
| EOY | 3575369 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2910091 | BOY |
| EOY | 4489361 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14336207 | BOY |
| EOY | 14292712 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19647555 | BOY |
| EOY | 22357442 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25976707 | BOY |
| EOY | 28070008 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -231489 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2941376 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3434174 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6303235 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2670529 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2576159 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2368269 | CurrentTaxYear |
| Total | 17352366 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3434174 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6303235 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2670529 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2576159 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2368269 | CurrentTaxYear |
| Total | 17352366 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 109075 | AmountsSubstContributorsTotal |
| Public Support Total170 | 17243291 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 947594 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 616263 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 923046 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 907470 | CurrentTaxYearMinus1Year |
| Current Tax Year | 839040 | CurrentTaxYear |
| Total | 4233413 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1005847 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1379712 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 570130 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 455356 | CurrentTaxYearMinus1Year |
| Current Tax Year | 106734 | CurrentTaxYear |
| Total | 3517779 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 25103558 | TotalSupport |
| Gross Receipts From Admissions Etc | 457689 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.68690 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.69250 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21001236 | BeginningOfYearBalance |
| Contributions | 801527 | Contributions |
| Investment Earnings Or Losses | 3090627 | InvestmentEarningsOrLosses |
| Other Expenditures | 872918 | OtherExpenditures |
| End Of Year Balance | 24020472 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18604878 | BeginningOfYearBalance |
| Contributions | 847986 | Contributions |
| Investment Earnings Or Losses | 2384235 | InvestmentEarningsOrLosses |
| Other Expenditures | 835863 | OtherExpenditures |
| End Of Year Balance | 21001236 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 26706878 | BeginningOfYearBalance |
| Contributions | 217600 | Contributions |
| Investment Earnings Or Losses | -6348391 | InvestmentEarningsOrLosses |
| Other Expenditures | 1971209 | OtherExpenditures |
| End Of Year Balance | 18604878 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.22000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.60000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.18000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 780431 | OtherCostOrOtherBasis |
| Depreciation | 634544 | Depreciation |
| Book Value | 145887 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1506036 | OtherCostOrOtherBasis |
| Depreciation | 885315 | Depreciation |
| Book Value | 620721 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 766608 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NC STATE INVESTMENT FUND, INC | 22506130 | F |
| BNY MELLON-LIFE INCOME FUNDS | 1063080 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 23569210 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LIFE INCOME FUNDS PAYABLE | $533,804 |
| DUE TO OTHERS | $170,561 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 704365 | TotalOfAmounts |
| Total Revenue | 3891748 | TotalRevenue |
| Total Expenses | 4123237 | TotalExpenses |
| Excess Or Deficit For Year | -231489 | ExcessOrDeficitForYear |
| Other | $2,941,376 | OtherAmount |
| Total Adjustments | 2941376 | TotalAdjustments |
| Excess Or Deficit Per FS | 2709887 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6994360 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3131085 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 186000 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 3317085 | RevenueNotRptdF990 |
| Revenue Subtotal | 3677275 | RevenueSubtotal |
| Investment Expenses Not Included | 92594 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 121879 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 214473 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3891748 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4216643 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 186000 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 186000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4030643 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 92594 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 92594 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4123237 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2007. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | UNREALIZED APPRECIATION IN MARKETABLE SECURITIES 3,131,085. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -19,741. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -76,364. DECREASE IN VALUE OF CHARITABLE LEAD TRUST -25,774. TRANSFERS TO OTHER UNIVERSITY ASSOCIATED ENTITIES -67,830. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | DECREASE IN VALUE OF SPLIT INTEREST 76,364. DECREASE IN VALUE OF CHARITABLE LEAD TRUST 25,774. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 19,741. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA STATE UNIVERSITY | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NCSU BOX 7207 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27695 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 566000756 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 395354 | AmountOfCashGrant |
| Method Of Valuation | BOOK VALUE | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
| Purpose Of Grant | SCHOLARSHIPS AND OTHER UNIVERSITY SUPPORT | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANTS REPRESENT REIMBURSEMENT OF SCHOLARSHIP EXPENSES PROCESSED THROUGH THE UNIVERSITY'S ACCOUNTING SYSTEMS, AND ARE SUBJECT TO UNIVERSITY AND STATE OF NORTH CAROLINA GUIDELINES, IN ADDITION TO ANY RESTRICTIONS PLACED DIRECTLY BY DONORS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROBERT L PURCELL | |||||||||||||
| 0 | 248358 | 0 | 62500 | 0 | 42768 | 0 | 224362 | 0 | 82006 | 0 | 659994 | 0 | 0 |
| NEVIN E KESSLER EX-OFFICIO | |||||||||||||
| 0 | 288750 | 0 | 5128 | 0 | 0 | 0 | 29459 | 0 | 4762 | 0 | 328099 | 0 | 0 |
| KATHRYN S HART | |||||||||||||
| 0 | 208000 | 0 | 0 | 0 | 0 | 0 | 20101 | 0 | 4762 | 0 | 232863 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | THE BOARD MEMBERS THAT ARE COMPENSATED RECEIVE COMPENSATION FROM NC STATE UNIVERSITY OR NC STATE STUDENT AID ASSOCIATION, INC, A 501(C)(3) ORGANIZATION RELATED TO NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 4 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 42627 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE DRAFT 990 IS DISTRIBUTED TO THE AUDIT & INVESTMENT COMMITTEE FOR THEIR REVIEW AND IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. | |
| AT THE BEGINNING OF EACH BOARD MEETING, THE PRESIDENT OF THE BOARD READS THE FOLLOWING ETHICS POLICY: " AS CHAIR OF THE ALUMNI ASSOCIATION, IT IS MY RESPONSIBILITY TO REMIND ALL MEMBERS OF THE COMMITTEE OF THEIR DUTY UNDER THE STATE GOVERNMENT ETHICS ACT TO AVOID CONFLICTS OF INTEREST AND APPEARANCES OF CONFLICT OF INTEREST AS REQUIRED BY THIS ACT. EACH MEMBER HAS RECEIVED THE AGENDA AND RELATED INFORMATION FOR THIS MEETING. IF ANY MEMBER KNOWS OF ANY CONFLICT OF INTEREST OR APPEARANCE OF CONFLICT WITH RESPECT TO ANY MATTER COMING BEFORE THE ALUMNI ASSOCIATION AT THIS MEETING, THE CONFLICT OR APPEARANCE OF CONFLICT SHOULD BE IDENTIFIED AT THIS TIME." IF A CONFLICT IS IDENTIFIED, THE MEMBER WHO HAS THE CONFLICT SHOULD RECUSE HIMSELF OR HERSELF FROM ANY DISCUSSION OR CONSIDERATION OF THE AGENDA ITEM. RECUSAL MEANS LEAVING THE ROOM AND NOT PARTICIPATING IN ANY DISCUSSION OR CONSIDERATION OF THE AGENDA ITEM. THE BOARD CHAIR SHOULD SEE THAT THIS OCCURS BEFORE ANY DISCUSSION OF THE ITEM PRESENTING THE CONFLICT OR APPEARANCE OF CONFLICT TAKES PLACE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE BOARD OF DIRECTORS AND OFFICERS OF NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION THAT DO RECEIVE COMPENSATION ARE COMPENSATED BY NC STATE UNIVERSITY OR NC STATE STUDENT AID ASSOCIATION, INC, A 501(C)(3) ORGANIZATION RELATED TO NORTH CAROLINA STATE UNIVERSITY ALUMNI ASSOCIATION. NC STATE UNIVERSITY SETS THE COMPENSATION OF THESE EMPLOYEES BY ACQUIRING COMPARABILITY DATA WHICH IS REVIEWED AND APPROVED BY INDEPENDENT PERSONS WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE 990 IS LISTED ON THE WEBSITE AND AVAILABLE THROUGH GUIDESTAR. FORM 1023 (WHICH WAS FILED PRIOR TO JULY 15, 1987) IS NOT PUBLICLY AVAILABLE. | FORM 990, PART VI, SECTION C, LINE 18 | |
| THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE WWW.FIS.NCSU.EDU/FOUNDATIONS_ACCOUNTING/FOUNDATIONS/ALUMNI.ASP. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | UNREALIZED APPRECIATION IN MARKETABLE SECURITIES 3,131,085. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -19,741. DECREASE IN VALUE OF SPLIT INTEREST AGREEMENT -76,364. DECREASE IN VALUE OF CHARITABLE LEAD TRUST -25,774. TRANSFERS TO OTHER UNIVERSITY ASSOCIATED ENTITIES -67,830. TOTAL TO FORM 990, PART XI, LINE 5: 2,941,376. | FORM 990, PART XI, LINE 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| NC STATE UNIVERSITY FOUNDATION INC | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566049503 | SUPPORT ORGANIZATION OF NC STATE UNIVERSITY | NC | 501(C)(3) | 170(B)(1)(A)(IV) | N/A | 0 |
| NC STATE INVESTMENT FUND INC | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 311607634 | INVESTS FUNDS OF THE NC STATE UNIVERSITY ENDOWMENT FUND AND RELATED ORGS | NC | 501(C)(3) | 509(A)(3) | N/A | 0 |
| NC STATE UNIVERSITY | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566000756 | EDUCATION | NC | 501(C)(3) | 170(B)(1)(A)(II) | N/A | 0 |
| NC STATE ALUMNI CLUB INC | ||||||||||
| 2450 ALUMNI DRIVE | RALEIGH | NC | 27606 | 204145790 | PROVIDES DINING FACILITY FOR NCSU ALUMNI AND STAFF | NC | 501(C)(7) | N/A | 0 | |
| NCSU STUDENT AID ASSOCIATION INC | ||||||||||
| PO BOX 37100 | RALEIGH | NC | 27627 | 560650623 | PROVIDES FINANCIAL SUPPORT FOR NC STATE UNIVERSITY ATHLETIC SCHOLARSHIPS | NC | 501(C)(3) | 170(B)(1)(A)(IV) | N/A | 0 |
| NC STATE ENGINEERING FOUNDATION INC | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566046987 | SUPPORT ORGANIZATION OF NC STATE UNIVERSITY | NC | 501(C)(3) | 170(B)(1)(A)(IV) | N/A | 0 |
| THE NORTH CAROLINA AGRICULTURAL FOUNDATION INC | ||||||||||
| NCSU BOX 7207 | RALEIGH | NC | 27695 | 566049304 | SUPPORT ORGANIZATION OF NC STATE UNIVERSITY | NC | 501(C)(3) | 170(B)(1)(A)(IV) | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| NC STATE INVESTMENT FUND INC | ||
| Q | 140985 | FMV |
| NC STATE INVESTMENT FUND INC | ||
| R | 524748 | FMV |
| NC STATE UNIVERSITY | ||
| B | 395354 | FMV |
| NC STATE ENGINEERING FOUNDATION INC | ||
| Q | 98457 | FMV |
| NC STATE UNIVERSITY | ||
| C | 1440120 | FMV |
| NC STATE ALUMNI CLUB | ||
| R | 106734 | FMV |
Comments